“Until lawmakers end the catch-and-release policies of the Obama
administration,” said Jessica Vaughan of the Center for Immigration
Studies, “any infrastructure improvements, new strategies, and better
metrics are pointless.”

Saturday, January 15, 2011

One aspect of poverty this article does not explore, is the invasion of 38 million illegals into our jobs and welfare! Los Angeles County alone puts out $600 million per year (source: Judicial Watch).

The entire reasons our borders are left open is to keep wages DEPRESSED, and depressed they are! But not nearly as depressed as open borders advocates, the U. S. Chamber of Commerce or OBAMA, for his donors, would have them! HENCE THE CONTINUAL PUSH FOR MORE ILLEGALS, OPEN BORDERS, AMNESTY or at least continued NON-ENFORCEMENT of laws prohibiting the employment of illegals.

WE CAN’T FIX POVERTY, URBAN VIOLENCE, OR THE STAGGERING NUMBER OF THE DISENFRANCHISED UNTIL WE DEMAND AND GET LIVING WAGES… We, the people are losing that battle!

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“THE AMNESTY ALONE WILL BE THE LARGEST EXPANSION OF THE WELFARE SYSTEM IN THE LAST 25 YEARS”…. Heritage Foundation

"The amnesty alone will be the largest expansion of the welfare system in the last 25 years," says Robert Rector, a senior analyst at the Heritage Foundation, and a witness at a House Judiciary Committee field hearing in San Diego Aug. 2. "Welfare costs will begin to hit their peak around 2021, because there are delays in citizenship. The very narrow time horizon [the CBO is] using is misleading," he adds. "If even a small fraction of those who come into the country stay and get on Medicaid, you're looking at costs of $20 billion or $30 billion per year."
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The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.
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Subject: From the L.A. Times Newspaper

1. 40% of all workers in L. A. County (L. A. County has 10 million people) are working for cash and not paying taxes. This was because they are predominantly illegal immigrants, working without a green card.
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2. 95% of warrants for murder in Los Angeles are for illegal aliens.
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3. 75% of people on the most wanted list in Los Angeles are illegal aliens.
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4. Over 2/3's of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal whose births were paid for by taxpayers.
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5. Nearly 25% of all inmates in California detention centers are Mexican nationals here illegally.
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6. Over 300,000 illegal aliens in Los Angeles County are living in garages.
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7. The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border.
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8. Nearly 60% of all occupants of HUD properties are illegal.

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REP. LAMAR SMITH:

“We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers,” said Representative Lamar Smith of Texas, co-chairman of the Reclaim American Jobs Caucus. “President Obama is on the wrong side of the American people on immigration. The president should support policies that help citizens and legal immigrants find the jobs they need and deserve rather than fail to enforce immigration laws.”

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“Obama’s rejection of any serious jobs program is part of a conscious class war policy. Two years after the financial crisis and the multi-trillion dollar bailout of the banks, the administration is spearheading a campaign by corporations to sharply increase the exploitation of the working class, using the “new normal” of mass unemployment to force workers to accept lower wages, longer hours, and more brutal working conditions.” WSWS.ORG

MEXICANOCCUPATION.blogspot.com

CITY JOURNAL
Heather Mac Donald
Restoring the Social Order
Twenty momentous years of conservative policy success in cities
6 January 2011
Conservative ideas are responsible for the two great urban-policy successes of the last quarter-century: the breathtaking drops in crime and in welfare dependency since the early 1990s. You’d never know it from members of the opinion elite, however, who have rarely recognized these successes, much less their provenance. So let’s recapitulate an epic battle about the foundations of social order, a battle that had not just a clear winner but also a clear loser: the liberal policy prescriptions for cities that many opinion makers and politicians still embrace. New York has been at the center of this battle because so many of the bad ideas that wreaked havoc on cities hatched there. Fortunately, so did many of the antidotes.
Liberal urban policy was based on several core assumptions. Number One: multigenerational poverty was the result of structural forces—above all, of rapacious capitalism and racism. It could never be the result of bad decision-making or a deficit of personal responsibility. Number Two: though men were still, alas, required for conceiving a child, they were purely optional for raising one. (Corollary: the role of illegitimacy in creating and perpetuating poverty could never be acknowledged.) Number Three: low-wage work was demeaning and pointless. It was better to receive a monthly welfare check than to labor at an entry-level job. Number Four: crime was an understandable and inevitable reaction to economic injustice and discrimination. (Corollary: the police could not lower crime; only government social programs and wealth-redistribution schemes could.) Together, these four conceits composed the most dangerous idea of all: that the bourgeois values of order, self-discipline, and respect for the law were decorative afterthoughts to prosperity, rather than its very precondition.
From the 1960s onward, liberal policymakers put these notions into practice, just as radical disorder was breaking out in American cities. In the name of economic justice, the welfare-rights movement, the brainchild of two New York academics, sought to eliminate all remaining stigma associated with the dole and to sign up as many people for welfare as possible. Within three years, welfare rolls in big cities had doubled. The urban riots of the 1960s heralded a decades-long outbreak of crime. A presidential commission responded to the growing anarchy in 1967 by recommending that prison sentences be shortened or eliminated and that the police focus on coordinating social services to offenders rather than on making arrests. The states complied, and the national incarceration rate dropped through the 1970s, while judges diverted offenders into social programs. Crime kept rising.
By the early 1990s, the fruits of this liberal monopoly over urban policy were in clear view. New York City homicides topped 2,000 in 1990. Drug dealers controlled the streets in the city’s poorest neighborhoods; children slept in bathtubs to avoid stray bullets from the dealers’ gun battles. Small businesses fled the city, unable to withstand the assaults on their employees and the constant break-ins. Manhattanites posted pathetic little NO RADIO signs in their cars, hoping for mercy from the circumambient thieves. The national welfare caseload was up fivefold, as was the nation’s illegitimacy rate. In New York City, one in seven residents was on welfare. I remember interviewing an able-bodied New York man who had been mooching off his girlfriend’s welfare check but was applying for his own food stamps. “I’m going for every dime I can get out of them,” he told me, righteously adding one caveat: “If they make you work, I’m not doing it.”
But fissures in the dominant ideology were already appearing. In the 1980s, states had started making sure that criminals actually served most of their sentences. And the realization that work was a better corrective to poverty than government handouts made federal welfare reform look more and more likely. As this prospect loomed, the poverty-industrial complex erupted in rage, using the very dysfunction and disorder that its policies had produced as an argument against changing the status quo. Frances Fox Piven and Richard Cloward, the architects of the welfare-rights revolution, railed against the idea of asking welfare mothers to work. Those mothers already had a full-time job, they said, simply trying to care for their children under the “jungle-like conditions of urban poverty.” Memo to all professors: that jungle is exactly what you get when you dismiss the necessity of the two-parent family, work, and respect for the law.
Anticipating federal welfare reform, Marian Wright Edelman of the Children’s Defense Fund warned that it would be a “moral blot on this nation.” Congressman Charles Rangel predicted that it would throw 1 million people into poverty. (Perhaps he could have offered them lodging in his tax-free Dominican villa.) The most revealing comment, however, came afterward from the Barbra Streisand Professor in Contemporary Gender Studies (yes, there is such a position) at USC: welfare reform, said Sharon Hays, embodied a “serious problem in the cultural logic of personal responsibility itself.” In other words, personal responsibility, for the academy, had been “problematized”: to hold the poor responsible for their actions was philosophically naive, whereas to subsidize self-destructive behavior with unconditional welfare displayed philosophical sophistication.
President Bill Clinton, to his credit, ignored these doomsayers and in 1996 ended the lifetime welfare entitlement. The same women who, the advocates had said, were incapable of working or were unwanted by the economy entered the workforce in droves. The welfare rolls dropped 66 percent, and black child poverty experienced its greatest drop in history. In New York City, where Mayor Rudolph Giuliani had started asking people to go to work a year before federal welfare reform passed, the welfare rolls have dropped 70 percent. New York now has the lowest child poverty rate of the eight largest U.S. cities. If any poverty professional has said, “Oops! I was wrong,” I haven’t heard it.
However significant the rout of the poverty-industrial complex, New York’s demolition of conventional thinking about crime was even more momentous. Since 1990, New York has experienced the largest and longest sustained drop in street crime of any big city in the developed world. In less than a generation, many major felonies have fallen 80 percent or more. New York did this by rejecting everything that the criminology and social-work professions counseled about crime. Police Chief William Bratton announced in 1994 that the police, not some big-government welfare program, would lower crime by 10 percent in just one year. He not only met his goal, he bested it—by ruthlessly holding precinct commanders accountable for the safety of their beats, by the rigorous analysis of crime data, and by empowering street cops to intervene in suspicious behavior before a crime actually happened.
Just as the liberal philosophy of exempting the poor from bourgeois standards of behavior set up a vicious cycle of fatherlessness, crime, and dependency, the conservative philosophy of universal standards set up a virtuous cycle of urban renovation. With crime in free fall across New York in the 1990s, the tourism and hospitality industries boomed, triggering demand for the low-skilled welfare mothers whom welfare reform was nudging into the workplace. Businesses moved back into formerly violence-plagued areas, creating more jobs. Neighborhoods were transformed.
To take just one example, contemplate for a moment a small miracle that occurs around 11 o’clock each night at the 96th Street subway stop on the Lexington Avenue line: residents pour out of the subway and disappear into the darkness, heading unconcernedly home. For years, such a routine at such an hour would have been fraught with anxiety. Now, it is simply part of New York’s ordinary rhythm. But it is just such freedom from fear that cities require to reach their full potential as incubators of the creativity that Harvard professor Edward Glaeser rightly lauds.
The national crime drop of 41 percent since 1991 is also the longest and largest national decline in modern history, one wholly unforeseen by criminologists. It was made possible by the increased incarceration rate, which achieved its maximum effect in the 1990s, and by the spread of New York–style data-driven policing. Most significant is that the national crime rate has fallen in each of the last three years, putting the final nail in the coffin of the liberal conceit that a bad economy drives otherwise law-abiding individuals into crime.
In the last 20 years, conservative ideas, including the value of all work, which binds us to each other through the strange beauty of commerce and voluntary exchange, have done more to turn around American cities than four decades and hundreds of billions of dollars of welfare entitlements, social programs, and public housing ever did. More than 10,000 minority males are alive in New York City today who would have been dead, had New York’s homicide rate remained at its early 1990s level. A policy triumph doesn’t get any more concrete than that.
Heather Mac Donald is a contributing editor of City Journal and the John M. Olin Fellow at the Manhattan Institute. Adapted from remarks delivered on November 17 at City Journal’s 20th anniversary conference.

HOW MANY ILLEGAL CRIMINALS ARE ON THE PROWL?
400,000 and they’re just waiting for OBAMA’S LA RAZA AMNESTY!

There are currently over 400,000 unaccounted for illegal alien criminals with outstanding deportation orders. Those are just the ones apprehended. At least one fourth of these are hard core criminals. Nobody knows how many more there are, but they are numerous and roaming your neighborhoods, preying on you and your family. Read more about it here.
Many of these heinous crimes are against children. How many children are being molested, raped, and murdered by illegal aliens? Nobody knows for sure but the numbers are staggering. To give you some idea of the prevalence of the crime, peruse the ICE Public Information News Releases.
While there are numerous reports of individual sexual predators such as Mexican Sex Offender and Six-Time Deportee in ICE Custody or Man Deported Following Conviction For Molesting 6-year-old, you will see many reports of multiple child predators being caught and deported. Some of them over the last two years are as follows:
• 45 child predators arrested in New York City,,
• 36 convicted Orange County child sex offenders face deportation
• ICE arrests 52 child predators in NYC operation
• Four Child Predators Arrested In Rhode Island
• ICE Arrests 16 predators in Westchester County Operation
• ICE Agents Arrest 8 Child Sex Predators In Washington, DC And Virginia
• 18 Predators Nabbed By ICE In Nassau County
• ICE Arrests 25 Child Sex Offenders in Chicago Area
• ICE Arrests 7 in Rockland County, NY
• 12 Child Sex Predators Arrested in Santa Clara County
• ICE Arrests 27 Sexual Predators in Suffolk County
In case you are interested, that is 250 illegal alien child molesters. And that is just the tip of the iceberg.
When we talk about the costs to secure our borders, we need to ask "How many crimes against children is acceptable collateral damage?" Isn't that what it is all about? Cheap lettuce versus molested, raped and murdered children - a cost/benefit tradeoff.
Occasionally, the Federal Government decides to actually do something about some of the more violent illegal alien criminals - after they are already here and have committed mayhem! Operation Predator evolved out of ICE's mission to find and deport illegal aliens with the more heinous criminal records. The majority of the arrests under Operation Predator - roughly 85% - involved foreign nationals in this country whose child sex crimes made them removable from the United States. By matching immigration databases with state Megan's law directories, ICE agents have arrested more than 1,800 registered sex offenders.
Digressing for a moment, what the hell was a convicted, illegal alien sex offender even doing out of jail or not immediately deported – even if 63% do come right back - let alone roaming around the neighborhoods while on a registry! Has the judicial system in this country gone insane?
In any case, Operation Predator began on July 9, 2003, and resulted in 6,085 child predator arrests throughout the country - an average of roughly 250 arrests per month and eight arrests per day. While arrests have been made in every state, the most have occurred in these states: Arizona (207), California (1,578), Florida (255), Illinois (282), Michigan (153), Minnesota (190), New Jersey (423), New York (367), Oregon (148) and Texas (545).
While Operation Predator was a noble effort and ICE is to be commended, it only made a small dent in the criminal activity and number of horrific crimes being committed by illegal alien child sexual predators.
It is worth noting that some pedophile statistics report that each pedophile molests average of 148 children. If so, that could be as many as 900,580 victims from just the 6,085 illegal alien predators that were caught. Regardless, how many children being molested is acceptable collateral damage?
In fact, the criminal activity in the illegal alien community is now so bad that illegal aliens are being held for ransom and as slaves by other illegal aliens and smugglers are kidnapping illegal aliens from other smugglers! Then there is the fast growing "sex slave" problem as reported in The Girls Next Door, SEX TRAFFICKING - San Francisco Is A Major Center For International Crime Networks That Smuggle And Enslave, Raid in Tennessee ends girl's captivity as a sex slave Profiling Sex Trafficking: Illegal Immigrants At Risk, Latina Sex Slavery, and Police sting in Colorado shuts down Pacifica brothel
For more crimes committed by illegal aliens and the personal impact it has had on individual citizens see Immigrations Human Cost, Victims of Illegal Aliens, Crime Victims of Illegal Aliens, Escaping Justice, Predatory Aliens, Crimes involving immigrants from around the world, both legal and otherwise, and Victims of Illegal Aliens Memorial. Go to Fallen Heroes for information on a few more cops killed by illegal aliens.
When visiting any of the links and sites, keep in mind that nobody is tracking and reporting the crimes on a national basis and these are just the tip of the iceberg.
While it is a fact that most illegal aliens are law abiding, except for breaking immigration laws, it is also a fact that a significant percentage of illegal aliens have no respect for the rule of law and our legal customs. Many come with anti-American attitudes and philosophies that are totally alien to our culture, a subject addressed later in this paper. The end result is an ever-growing lawlessness among large portions of the illegal alien communities. It only makes sense that illegal alien criminals come to the United States - this is where the money is and our jails are a whole lot nicer than what they have in their home countries.
As previously noted, this report does not go into the property crimes being committed by illegal aliens. However, like the activities of other equal opportunity criminals, many property crimes are drug related, an activity that many illegal aliens, especially illegal alien gangs, are involved in. While violent crimes against one's person are the most serious, if your identity or car is stolen by an illegal alien you won't be too happy about it.
As a small example of property crimes, in 2003, according to the Arizona Department of Motor Vehicles, 57,600 cars were stolen in Phoenix alone. The owner losses are estimated to exceed $864 million. Most of the stolen cars ended up in Mexico and were never recovered. How many of those cars were stolen by illegal alien criminals versus resident criminals is unknown but you can rest assured that illegal aliens had a large part of it..
Next Section: Impacts of Illegal Immigration: Gangs
Previous Section: Impacts of Illegal Immigration: Sex Crimes

HEARD ENGLISH TODAY?
1 IN 5 BIRTHS IN LOS ANGELS ARE BY ILLEGALS. THAT DOES NOT COUNT THE NUMBER OF HISPANIC BIRTHS THAT ARE LEGAL! A CHILD BORN IN OUR BORDERS FROM ILLEGALS FROM MEXICO IS STILL A MEX CITIZEN!

HERE’S THE PICTURE IF WE DON’T END THE MEX INVASION:
LOS ANGELES TIMES
60 million Californians by mid-century

Riverside will become the second most populous county behind Los Angeles and Latinos the dominant ethnic group, study says. By Maria L. La Ganga and Sara LinTimes Staff Writers

July 10, 2007

Over the next half-century, California's population will explode by nearly 75%, and Riverside will surpass its bigger neighbors to become the second most populous county after Los Angeles, according to state Department of Finance projections released Monday. California will near the 60-million mark in 2050, the study found, raising questions about how the state will look and function and where all the people and their cars will go. Dueling visions pit the iconic California building block of ranch house, big yard and two-car garage against more dense, high-rise development.But whether sprawl or skyscrapers win the day, the Golden State will probably be a far different and more complex place than it is today, as people live longer and Latinos become the dominant ethnic group, eclipsing all others combined. Some critics forecast disaster if gridlock and environmental impacts are not averted. Others see a possible economic boon, particularly for retailers and service industries with an eye on the state as a burgeoning market."It's opportunity with baggage," said Jack Kyser, chief economist for the Los Angeles County Economic Development Corp., in "a country masquerading as a state."Other demographers argue that the huge population increase the state predicts will occur only if officials complete major improvements to roads and other public infrastructure. Without that investment, they say, some Californians would flee the state.If the finance department's calculations hold, California's population will rise from 34.1 million in 2000 to 59.5 million at the mid-century point, about the same number of people as Italy has today. And its projected growth rate in those 50 years will outstrip the national rate — nearly 75% compared with less than 50% projected by the federal government. That could translate to increased political clout in Washington, D.C. Southern California's population is projected to grow at a rate of more than 60%, according to the new state figures, reaching 31.6 million by mid-century. That's an increase of 12.1 million over just seven counties.L.A. County alone will top 13 million by 2050, an increase of almost 3.5 million residents. And Riverside County — long among the fastest-growing in the state — will triple in population to 4.7 million by mid-century.Riverside County will add 3.1 million people, according to the new state figures, eclipsing Orange and San Diego to become the second most populous in the state. With less expensive housing than the coast, Riverside County has grown by more than 472,000 residents since 2000, according to state estimates.But many residents face agonizingly long commutes to work in other areas. And Monday, the state's growth projections raised some concerns in the Inland Empire.Registered nurse Fifi Bo moved from Los Angeles to Corona nine years ago so she could buy a house and avoid urban congestion. But she'd consider moving even farther east now that Riverside County is grappling with its own crowding problems."But where am I going? People used to move to Victorville, but [housing prices in] Victorville already got high," the 36-year-old said as she fretted about traffic and smog and public services stretched thin. "We don't know where to go. Maybe Arizona."John Husing, an economist who studies the Inland Empire, is betting that even in land-rich Riverside County, more vertical development is on the horizon. Part of the reason: a multi-species habitat conservation plan that went into effect in 2005, preserving 550,000 acres of green space that otherwise would have vanished."The difficult thing will be for anybody who likes where they live in Riverside County because it's rural," Husing said. "In 2050, you might still find rural out by Blythe, but other than that, forget rural."Husing predicts that growth will be most dramatic beyond the city of Riverside as the patches of empty space around communities such as Palm Springs, Perris and Hemet begin to fill in with housing tracts. The Coachella Valley, for example, will become fully developed and seem like less of a distinct area outside of Riverside, he said. "It'll be desert urban, but it'll be urban. Think of Phoenix," he said. Expect a lot of the new development in Riverside County to go up along the 215 Freeway between Perris and Murrieta, according to Riverside County Planning Director Ron Goldman. Thousands of homes have popped up in that area in the last decade, and Goldman said applications for that area indicate condominiums are next. The department is so busy that he's hiring 10 people who'll start in the next month."We have over 5,000 active development applications in processing right now," he said.No matter how much local governments build in the way of public works and how many new jobs are attracted to the region — minimizing the need for long commutes — Husing figures that growth will still overwhelm the area's roads.USC Professor Genevieve Giuliano, an expert on land use and transportation, would probably agree. Such massive growth, if it occurs, she said, will require huge investment in the state's highways, schools, and energy and sewer systems at a "very formidable cost."If those things aren't built, Giuliano questioned whether the projected population increases will occur. "Sooner or later, the region will not be competitive and the growth is not going to happen," she said.If major problems like traffic congestion and housing costs aren't addressed, Giuliano warned, the middle class is going to exit California, leaving behind very high-income and very low-income residents. "It's a political question," said Martin Wachs, a transportation expert at the Rand Corp. in Santa Monica. "Do we have the will, the consensus, the willingness to pay? If we did, I think we could manage the growth."The numbers released Monday underscore most demographers' view that the state's population is pushing east, from both Los Angeles and the Bay Area, to counties such as Riverside and San Bernardino as well as half a dozen or so smaller Central Valley counties.Sutter County, for example, is expected to be the fastest-growing on a percentage basis between 2000 and 2050, jumping 255% to a population of 282,894 , the state said. Kern County is expected to see its population more than triple to 2.1 million by mid-century.In Southern California, San Diego County is projected to grow by almost 1.7 million residents and Orange County by 1.1 million. Even Ventura County — where voters have imposed some limits on urban sprawl — will see its population jump 62% to more than 1.2 million if the projections hold.The Department of Finance releases long-term population projections every three years. Between the last two reports, number crunchers have taken a more detailed look at California's statistics and taken into account the likelihood that people will live longer, said chief demographer Mary Heim.The result?The latest numbers figure the state will be much more crowded than earlier estimates (by nearly 5 million) and that it will take a bit longer than previously thought for Latinos to become the majority of California's population: 2042, not 2038.The figures show that the majority of California's growth will be in the Latino population, said Dowell Myers, a professor of urban planning and demography at USC, adding that "68% of the growth this decade will be Latino, 75% next and 80% after that."That should be a wake-up call for voting Californians, Myers said, pointing out a critical disparity. Though the state's growth is young and Latino, the majority of voters will be older and white — at least for the next decade."The future of the state is Latino growth," Myers said. "We'd sure better invest in them and get them up to speed. Older white voters don't see it that way. They don't realize that someone has to replace them in the work force, pay for their benefits and buy their house."

News Release: CALIFORNIA IS THE DIM PICTURE OF AMERICA'S FUTURE
Visit CAPS website at www.capsweb.org. The Golden State today bodes ill for the U.S. of tomorrow

SANTA BARBARA--October 5, 2006
America prepares to surge past a population of 300 million people sometime around October 15, one need only to look at what has happened to California over the past two decades to see what is in store for the rest of the nation. "Three hundred million people is neither an achievement nor an endpoint, but just a landmark on the way to a billion people," said Diana Hull, President of Californians for Population Stabilization. "It is time to remind everyone again, that perpetual growth is the philosophy of a cancer cell." Hull delivered her comments at a press conference at the National Press Club in Washington, D.C., on Tuesday, where some of the nation's top population and immigration experts warned that 300 million people is nothing to celebrate. The grim foretelling in California of the impacts that massive population growth will have on the nation's environment and quality-of-life demonstrates how fast the 'tipping-point' can be reached. "The California Experiment is an example of how far and how fast a magnificent natural inheritance can be squandered and plundered," Hull said. "How fast the skid and how far the fall." Hull, a behavioral scientist trained in demography who served on the Sierra Club's Population Committee and the Southern California Demographic Forum, said California's cultural penchant for fast-if-easy living was quickly outstripped by its unchecked appetite for simply 'more.' "In our state, the race to gargantuan-size has progressed so far and so fast that we can barely move," Hull said. "Freeways have become like doors that the morbidly obese can no longer fit through, thus the size of everything has to expand." It's unlikely that Governor Pat Brown, who invested heavily in California's infrastructure, could have envisioned in 1965 the human tidal wave that would eventually swamp his fabled public works. But it was in 1965 that real sustained population growth began in California that would take on what Hull described as "astonishing momentum" over the next four decades. In 1965, California's population was just over 18 million people. Today, California has more than 37 million people, and sustains a net-gain of about 500,000 more people annually. The vast majority of people flowing into the state, Hull said, are legal and illegal immigrants; the vast majority of them are poor and uneducated and require social assistance. The resulting cultural arguments over immigration have obscured the most basic question the state government and the media should be openly discussing: how many more people can the state take? The answer may be found in the devolution of California over the past four decades, from a sun-dappled state that could provide its people an enviable quality of life to a gritty jumble of jammed public schools, failing emergency rooms, overwhelmed social services, vanishing green space and suburban sprawl so vast that three hour commutes to and from work are now a reality. As Hull noted on Tuesday, the overpopulating of California occurred not with popular support, but rather amid a collective slumber. "The state became a pilot project in a failed social experiment that no one had agreed to beforehand," she said. "All around us there were more people, more traffic, more crowds, more long waits, more houses and more shopping centersbut never enough." The resulting dislocations caused by a deteriorating quality of life, which has seen large numbers of Californians fleeing the state, has been more than made up for by surging net gains in the population fueled by immigration. Yet amazingly, the nation's bi-partisan leadership at virtually every level of the federal government seems unwilling to learn from what has happened to California, but to the contrary seem more than prepared to let California's fate become America's future. Despite four decades of hard evidence of the potentially catastrophic impacts--particularly for the environment--of unmanaged population growth, Hull said the nation's leaders have been shamefully silent. "As demographic momentum accelerated, the pace of this growth and the changes it wrought were never systematically observed and monitored, nor even officially acknowledged," she said. "And little interest was shown in evaluating outcomes." Those outcomes are evident everyday now in California, from the implosion of trauma centers across Los Angeles County to the bulldozing of some of the most fertile farmland in the Central Valley to make way for more homes. "The two very worst outcomes are that infrastructure over-use wears everything out faster than we can replace it," Hull said. "And there is an insatiable demand on natural resources that are now unable to replenish themselves." ABOUT CALIFORNIANS FOR POPULATION STABILIZATION (CAPS) Californians for Population Stabilization is a non-profit organization dedicated to formulating and advancing policies and programs designed to stabilize the population of California at a level which will preserve a good quality of life for all Californians; www.capsweb.org.
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INS/FBI Statistical Report on Undocumented Immigrants 2006 (First Quarter) INS/FBI Statistical Report on Undocumented Immigrants CRIME STATISTICS 95% of warrants for murder in Los Angeles are for illegal aliens. 83% of warrants for murder in Phoenix are for illegal aliens. 86% of warrants for murder in Albuquerque are for illegal aliens. 75% of those on the most wanted list in Los Angeles, Phoenix and Albuquerque are illegal aliens. 24.9% of all inmates in California detention centers are Mexican nationals here illegally 40.1% of all inmates in Arizona detention centers are Mexican nationals here illegally 48.2% of all inmates in New Mexico detention centers are Mexican nationals here illegally 29% (630,000) convicted illegal alien felons fill our state and federal prisons at a cost of $1.6 billion annually 53% plus of all investigated burglaries reported in California, New Mexico, Nevada, Arizona and Texas are perpetrated by illegal aliens. 50% plus of all gang members in Los Angeles are illegal aliens from south of the border. 71% plus of all apprehended cars stolen in 2005 in Texas, New Mexico, Arizona, Nevada and California were stolen by Illegal aliens or “transport coyotes". 47% of cited/stopped drivers in California have no license, no insurance and no registration for the vehicle. Of that 47%, 92% are illegal aliens. 63% of cited/stopped drivers in Arizona have no license, no insurance and no registration for the vehicle. Of that 63%, 97% are illegal aliens 66% of cited/stopped drivers in New Mexico have no license, no insurance and no registration for the vehicle. Of that 66% 98% are illegal aliens. BIRTH STATISTICS 380,000 plus “anchor babies” were born in the U.S. in 2005 to illegal alien parents, making 380,000 babies automatically U.S.citizens. 97.2% of all costs incurred from those births were paid by the American taxpayers. 66% plus of all births in California are to illegal alien Mexicans on Medi-Cal whose births were paid for by taxpayers

MEXICAN VISITOR’S LAMENT
Tina Griego, journalist for the Denver Rocky Mountain News wrote a column titled, 'Mexican Visitor's Lament' -- 10/25/07.
She interviewed Mexican journalist Evangelina Hernandez while visiting Denver last week. Hernandez said, 'They (The illegal aliens) pay rent, buy groceries, buy clothes...What Happens to your country's economy if 20 million people go away?' That's a good question - it deserves an answer. Over 80 percent of Americans demand secured borders and illegal migration stopped. But what would happen if all 20 million or more vacated America? The answers may surprise you! In California, if 3.5 million illegal aliens moved back to Mexico, it would leave an extra $10.2 billion to spend on overloaded school systems, bankrupt hospitals and overrun prisons. It would leave highways cleaner, safer and less congested. Everyone could understand one another as English became the dominant language again. In Colorado, 500,000 illegal migrants, plus their 300,000 kids and grand-kids - would move back 'home', mostly to Mexico. That would save Coloradans an estimated $2 billion (other experts say $7 billion) annually in taxes that pay for schooling, medical, social-services and incarceration costs. It means 12,000 gang members would vanish out of Denver alone. Colorado would save more than $20 million in prison costs, and the terror that those 7,300 alien criminals set upon local citizens. Denver Officer Don Young and hundreds of Colorado victims would not have suffered death, accidents, rapes and other crimes by illegals. Denver Public Schools would not suffer a 67 percent drop-out/flunk-out rate because of thousands of illegal alien students speaking 41 different languages. At least 200,000 vehicles would vanish from our gridlocked cities in Colorado. Denver 's four percent unemployment rate would vanish as our working poor would gain jobs at a living wage. In Florida, 1.5 million illegals would return the Sunshine State back to America, the rule of law, and English. In Chicago, Illinois, 2.1 million illegals would free up hospitals, schools, prisons and highways for a safer, cleaner and more crime-free experience. If 20 million illegal aliens returned 'home' the U.S. Economy would return to the rule of law. Employers would hire legal American citizens at a living wage. Everyone would pay their fair share of taxes because they wouldn't be working off the books. That would result in an additional $401 Billion in IRS income taxes collected annually, and an equal amount for local, state and city coffers. No more push '1' for Spanish or '2' for English. No more confusion in American schools that now must contend with over 100 languages that degrade the educational system for American kids. Our overcrowded schools would lose more than two million illegal alien kids at a cost of billions in ESL and free breakfasts and lunches. We would lose 500,000 illegal criminal alien inmates at a cost of more than $1.6 billion annually. That includes 15,000 MS-13 gang members who distribute $130 billion in drugs annually would vacate our country. In cities like L.A., 20,000 members of the ' 18th Street Gang' would vanish from our nation. No more Mexican forgery gangs for ID theft from Americans! No more foreign rapists and child molesters! Losing more than 20 million people would clear up our crowded highways and gridlock. Cleaner air and less drinking and driving American deaths by illegal aliens! America's economy is drained. Taxpayers are harmed. Employers get rich. Over $80 billion annually wouldn't return to the aliens' home countries by cash transfers. Illegal migrants earned half that money untaxed, which further drains America's economy – which currently suffers an $8.7 trillion debt. At least 400,000 anchor babies would not be born in our country, costing us $109 billion per year per cycle. At least 86 hospitals in California, Georgia and Florida would still be operating instead of being bankrupt out of existence because illegals pay nothing via the EMTOLA Act. Americans wouldn't suffer thousands of TB and hepatitis cases rampant in our country-brought in by illegals unscreened at our borders. Our cities would see 20 million less people driving, polluting and grid locking our cities. It would also put the 'progressives' on the horns of a dilemma; illegal aliens and their family’s cause 11 percent of our greenhouse gases. Over one million of Mexico 's poorest citizens now live inside and along our border from Brownsville, Texas to San Diego, California in what the New York Times called, 'colonias' or new neighborhoods. Trouble is, those living areas resemble Bombay and Calcutta where grinding poverty, filth, diseases, drugs, crimes, no sanitation and worse. They live without sewage, clean water, streets, electricity, roads or any kind of sanitation. The New York Times reported them to be America’s new ' Third World ' inside our own country. Within 20 years, at their current growth rate, they expect 20 million residents of those colonias. (I've seen them personally in Texas and Arizona; it's sickening beyond anything you can imagine.) By enforcing our laws, we could repatriate them back to Mexico. We should invite 20 million aliens to go home, fix their own countries and/or make a better life in Mexico. We already invite a million people into our country legally more than all other countries combined annually. We cannot and must not allow anarchy at our borders, more anarchy within our borders and growing lawlessness at every level in our nation. It's time to stand up for our country, our culture, our civilization and our way of life. Interesting Statistics. Here are 14 reasons illegal aliens should vacate America, and I hope they are forwarded over and over again until they are read so many times that the reader gets sick of reading them: 1. $11 billion to $22 billion dollars are spent each year on welfare to illegal aliens.

2.$2.2 billion dollars are spent each year on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens. 3. $2.5 billion dollars are spent each year on Medicaid for illegal aliens. 4. $12 billion dollars are spent each year on primary and secondary school education for children here illegally and they cannot speak a word of English! 5.$17 billion dollars are spent each year for education for the American-born children of illegal aliens, known as anchor babies. 6.$3 Million Dollars PER DAY is spent to incarcerate illegal aliens. 7.30% percent of all federal prison inmates are illegal aliens. 8.$90 billion dollars are spent each year on illegal aliens for welfare & social services by the American taxpayers. 9.$200 billion dollars per year in suppressed American wages are caused by the illegal aliens. 10.The illegal aliens in the United States have a crime rate that's two and a half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US. 11.During the year 2005, there were 4 to 10 MILLION illegal aliens that crossed our southern border with as many as 19,500 illegal aliens from terrorist countries. Millions of pounds of drugs, cocaine, meth, heroine, and marijuana crossed into the U.S. from the southern border. 12.The National Policy Institute, estimates that the total cost of mass deportation would between $206 and $230 billion, or an average cost of between $41 and $46 billion annually over a five year period. 13.In 2006, illegal aliens sent home $45 BILLION in remittances back to their countries of origin. 14.The dark side of illegal immigration: Nearly one million sex crimes are committed by illegal immigrants in the United States. The total cost is a whopping $338.3 BILLION DOLLARS A YEAR!!! .....................................

MEXICANOCCUPATION.blogspot.com
FORBES SAYS LOS ANGELES TOP CITY TO GO UNDER… Due to Mex Occupation???

THE MAYOR OF LOS ANGELES, ANTONIO VILLARAIGOSA, IS A RABIDLY RACIST MEXICAN AND LONG STANDING MEMBER OF THE MEX SEPARATISTS PARTY of M.E.Ch.A. WHICH CELEBRATES THE EVER EXPANDING MEX SUPREMACY!

CA IS IN MELTDOWN, AND THE FUTURE LOOKS DIM! WELFARE FOR ILLEGALS GOES UP MONTHLY, AS DO ILLEGALS IN OUR JOBS, AND MEX GANG MURDERS!
THE STATE PAYS OUT $20 BILLION A YEAR IN SOCIAL SERVICES TO ILLEGALS, EVEN AS IT OPERATES DEFICITS OF $28 BILLION.

THE NEW GOV JERRY BROWN WAS ELECTED WITH THE VOTES OF ILLEGALS. HE HAS PROMISED HIS ILLEGAL CONSTITUENTS NO CUT IN WELFARE TO ILLEGALS!
THE CUTS MUST COME FROM EDUCATION, AND PENSIONS TO STATE EMPLOYEES!
HOW MUCH DOES THE MEX OCCUPATION COSTS US?
ONLY A FEW MONTHS AGO, SEN. FEINSTEIN AND BOXER, BOTH LA RAZA DEMS, ALONG WITH LA RAZA PELOSI WERE PUSHING FOR SOCIAL SECURITY FOR ILLEGALS!!! THEN THE FOLLOWING WEEK THEY VOTED TO CUT BENEFITS FOR LEGALS!!!
THERE IS NO END TO WHAT THESE LIFER-POLS WILL NOT DO FOR THEIR CORPORATE PAYMASTERS DEMANDING DEPRESSED WAGES WITH HORDES MORE ILLEGALS INDUCED OVER OUR OPEN AND UNDEFENDED BORDERS!
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FEINSTEIN AND BOXER HAVE TWICE PUSHED A “SPECIAL AMNESTY” FOR 1.5 MILLION “CHEAP” LABOR ILLEGALS TO BE EXPLOITED BY THEIR BIG AG BIZ DONORS WHO USE ILLEGALS AS SLAVES… ONE-THIRD OF ALL ILLEGAL FARM WORKERS END UP ON WELFARE!
MEXICANOCCUPATION.blogspot.com

Lou Dobbs Tonight Friday, May 16, 2008
Some in Congress are once again trying to push piecemeal immigration reform through the back door. Sen. Diane Feinstein of California attached a farm worker program to the multibillion dollar Iraq war funding bill yesterday which would grant temporary amnesty to 1.3 million farm workers and their families over the next five years.

FORBES:

LOS ANGELES AMONG FORBES’ ‘TOP 10 U.S. CITIES IN FREEFALL’

Forbes has released its list of 'Top 10 U.S. Cities In Freefall', and California has the dubious distinction of appearing thrice. The greater Los Angeles, Riverside and Sacramento areas all made the list, only Florida had more cities represented. In compiling the list, Forbes used six metrics, including the percent the median home price has fallen since its individual peak, how many people were moving in and out of these metros, and percent change in unemployment.
Of California's woes, Forbes writes:
Riverside, Los Angeles and Sacramento are suffering because of the knocks they took after their inflated housing markets began to plummet. Unemployment in the City of Angels has nearly tripled in three years, to 12%. Riverside's unemployment has also ballooned, to 15%. Meanwhile Sacramento saw a 75% drop in new building permits. These are troubling signs for Cali metros, but not surprising. The end of the state's home-price climb triggered more than just a housing slump.
"In California, so many jobs were concentrated in construction," says Michael Fratantoni, vice president of research at the Mortgage Bankers Association, the professional association for real estate financiers. "Jobs building single family homes wound up not being sustainable, and there were a lot of job losses."
The Forbes report comes on the heels of California's most recent jobless report, which put the state's unemployment rate at a record 12.6% for March. However, in what might be an encouraging sign for the region, KPCC reports today that foreclosures in LA County are down 43.5% for the first quarter of 2010 compared to last year.
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LOS ANGELES UNDER MEX OCCUPATION:
Additionally, the county spends $550 million on public safety and nearly $500 million on healthcare for illegal aliens.
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JUDICIAL WATCH.org

As the mainstream media focuses on a study that reveals a sharp decline in the nation’s illegal immigrant population, monthly welfare payments to children of undocumented aliens increased to $52 million in one U.S. county alone.
The hoopla surrounding last week’s news that the annual flow of illegal immigrants into the U.S. dropped by two-thirds in the past decade overlooked an important matter; the cost of educating, incarcerating and medically treating illegal aliens hasn’t decreased along with it, but rather skyrocketed to the tune of tens of billions of dollars annually.

THIS FIGURE DOES NOT INCLUDE EXTRA MILLIONS PAID FOR ANCHOR BABIES

Those figures don’t even include the extra millions that local municipalities dish out on welfare payments to the U.S.-born children of illegal immigrants, commonly known as anchor babies. In Los Angeles County alone that figure increased by nearly $4 million in the last year, sticking taxpayers with a whopping $52 million tab to provide illegal immigrants’ offspring with food stamps and other welfare benefits for just one month.
That means the nation’s most populous county, in the midst of a dire financial crisis, will spend more than $600 million this year to provide families headed by illegal immigrants with welfare benefits. In each of the past two years Los Angeles County taxpayers have spent about half a billion dollars just to cover the welfare and food-stamp costs of illegal immigrants. Additionally, the county spends $550 million on public safety and nearly $500 million on healthcare for illegal aliens.
About a quarter of the county’s welfare and food stamp issuances go to parents who reside in the United States illegally and collect benefits for their anchor babies, according to the figures from L.A. County’s Department of Social Services. Nationwide, Americans pay around $22 billion annually to provide illegal immigrants with welfare perks that include food assistance programs such as free school lunches in public schools, food stamps and a nutritional program (known as WIC) for low-income women and their children.

Lou Dobbs Tonight
Monday, February 11, 2008
In California, League of United Latin American Citizens has adopted a resolution to declare "California Del Norte" a sanctuary zone for immigrants. The declaration urges the Mexican government to invoke its rights under the Treaty of Guadalupe Hidalgo "to seek third nation neutral arbitration of disputes concerning immigration laws and their enforcement." We’ll have the story.
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latimes.com
Opinion
California must stem the flow of illegal immigrants
The state should go after employers who hire them, curb taxpayer-funded benefits, deploy the National Guard to help the feds at the border and penalize 'sanctuary' cities.

Illegal immigration is another matter entirely. With the state budget in tatters, millions of residents out of work and a state prison system strained by massive overcrowding, California simply cannot continue to ignore the strain that illegal immigration puts on our budget and economy. Illegal aliens cost taxpayers in our state billions of dollars each year. As economist Philip J. Romero concluded in a 2007 study, "illegal immigrants impose a 'tax' on legal California residents in the tens of billions of dollars."

What about CAR THEFT?
FORBES
Vehicles
America's Car Theft Hot Spots
Jacqueline Mitchell 07.11.08, 5:12 PM ET
What are the three most important things when buying a home or setting up a business? Location, location, location. Turns out those are the three most important things to car thieves too.

The National Insurance Crime Bureau (NICB), which has been tracking stolen vehicle rates by state since 1985, released its annual report identifying the most stolen cars in 2007 earlier this week. Ahead of that report's release, in the spring the group announced which American cities have the highest rates of car theft. Like everyone else, car thieves just love sunny California.

MEXIFORNIA WINS “HOTTEST MEXICAN CAR THEFT ZONE AWARD”

The NICB tracks metropolitan statistical areas for vehicle theft rates, determining them by the number of vehicle theft offenses per 100,000 habitants using the 2007 U.S. Census population estimates. Four of the top 10 cities for auto theft in 2007 are in California and all four are in the top five, in fact.

Modesto, Calif., ranks at No. 1, with San Diego/Carlsbad/San Marcos in the third spot, Stockton in fourth and San Francisco/Oakland/Fremont in fifth place. The city in second place, the only one in the top five not in California, is Las Vegas/Paradise.

"One huge factor is that there are more vehicles in California than any other state, making it a target rich environment to begin with," says Frank Scafidi, NICB spokesman. "The proximity to international borders and seaports is also a factor. Both are widely used in the illegal exportation of stolen vehicles."

Used Cars Make A Comeback But the main attractions are the car theft hot spots conveniently located near the Mexican border. A quick trip across and crooks can quickly unload stolen cars or their parts without hassle or question. That's why Texas, New Mexico and Arizona are "all high theft states" as well, Scafidi notes.

"There is a secondary market that is operating outside of the mainstream that buys and sells parts from stolen vehicles," says Rod Davis, vice president of programs and services for the Council of the Better Business Bureau. "We don't know how big this market is, but they are doing a lot of business in the border area. Chop shops in Mexico are more prevalent."

That's not to say car thieves don't do the same sort of thing without crossing the border, but they have to know which auto service centers and garages will take stolen parts and vehicles without proof of ownership. If you take your car to a service center, keep in mind that all replacement parts should come with a warranty, and if they don't, there is a chance you're getting a stolen part, says Davis. Also, ask your service technician where the part was purchased.

Have you had car theft trouble in your community? Share your experiences in the Reader Comments section below.

"Legitimate garages have systems in place for getting parts from proper streams of commerce," says Davis. "If it is not legitimate business and you are doing business there, then you are more likely to encourage stolen vehicle activity."

There is a bright side to all this, however. Despite the prevalence of car theft in certain areas, there are early indications that motor vehicle thefts overall were down nearly 9% in 2007, compared with 2006, the NICB says. The final data will be released later this year.
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In 2003, according to the Arizona Department of Motor Vehicles, 57,600 cars were stolen in Phoenix. It is now the car-jacking capital of the world. Most were SUV’s and pickup trucks. At a conservative average of $15,000.00 per vehicle, owner losses exceeded $864 million. Insurance companies in the state suffered incredible claims from policyholders. Arizona is the temporary home of 500,000 illegal aliens. They cost Arizona taxpayers over $1 billion annually in services for schools, medical care, welfare anchor babies, loss of tax base and prisons. Illegals use those vehicles for smuggling more people and drugs from around the world into our country. When the vehicles are recovered, they are smashed-up wrecks in the desert. If not found, they have new owners south of the border as thieves drive the cars through the desert and into Mexico as easily as you drive your kids to soccer practice. Illegal aliens displaced American workers at a cost in excess of $133 billion dollars last year according to Harvard Professor George Borjas. American citizens: College and high school kids cannot find a summer job in yard care, landscape, fast food or service jobs. Why? Illegal aliens work them at a third the wage and often, under the table. Not only do young American not have jobs; their parents are paying taxes for illegal aliens who are not paying taxes. Annually, 75 percent of drugs arrive from Mexico at a net cost of $120 billion hard currency that leaves our country for good. In addition, our tax dollars pay $80 billion for the War on Drugs each year. It is a war that hasn’t been won in the past 30 years and drugs are as available today to your teenager as they were in 1970. When an alien criminal gets caught for rape, murder or drug distribution, you pay $1.6 billion annually in prison costs to house, feed and clothe those filling 30 percent of our federal and state prisons—not to mention TV, movies, weight rooms and other entertainment—they enjoy while being incarcerated. Over 300,000 women annually arrive pregnant and drop them on U.S. soil. The American taxpayer pays for food, housing, medical and schooling for them to age 18 PLUS their mother. According to the Center for Immigration Studies, average annual cost per child K-12 is $7,161.00 and exceeds $109 billion annually per cycle of anchor babies. The average head of household illegal alien costs you $2,700.00 in welfare money over and above any taxes he or she pays in their meager paying jobs. With 15 to 20 million illegal aliens in the USA, that figures exceeds $20 billion of your tax dollars. (Source: Center for Immigration Studies, August 2004) How about the $56 billion in pure cash illegal migrants sent to their home countries last year and every year? That’s after their kids enjoyed free education, free lunches, and free medical care paid for by you. Mexico receives $15 billion annually from its worker drones. No wonder Vicente Fox sent us 9.2 million illegal alien Mexicans so far. The lifetime net fiscal drain—taxes paid minus services used—for an adult immigrant is $55,200.00 according to Carrying Capacity Network. With a minimum of 15 million illegal aliens in our country, these figures are the tip of the iceberg. Average bilingual education is $1,200.00 per illegal alien student. Get this! We educate 1.1 million illegal alien children each year. The American public has paid $27 billion to provide forms, ballots, interpreters, and brochures for languages other than English in 2003. An estimated one-third to one-half illegal aliens work off the books. It costs $200 million to provide for emergency health care for illegal aliens in the Border States annually. California with over three million illegals paid $79 million, and four of their major LA hospitals bankrupted and shut their doors in 2004. Texas with 1.5 million illegal aliens paid $74 million in hospital care. Georgia ran a $63 million deficit for 64,000 unpaid doctor visits to their Grady Health Care system in 2002. Georgia taxpayers paid $27 million for 11,188 anchor baby hospital births. Georgia taxpayers paid a whopping $242 million for educating illegal alien kids in 2003. What are the consequences? One in two adult African-Americans in New York is unemployed. African-American children’s poverty grew by 50 percent since 1999. Why? Their dads can’t find work. It costs the taxpayer, $68 billion a year to pay for the resettlement of legal immigrants. Only 22 companies in 2003 were taken to court for hiring illegal aliens. None went to jail. However, it’s a $10,000.00 fine per illegal alien hired and up to five years in prison. You would think that would deter corporations. Not when they’ve bought off enforcement! Who else figures in this grand scheme? Your governors and mayors who provide sanctuary laws for illegal aliens! Mayor Bloomberg of New York City, Governor Baldacci of Maine! Governor Bill Owens of Colorado! Mayor Hickenlooper of Denver! Mayor of Los Angeles! The Mayor of San Francisco! The Mayor of Chicago! The Mayor of Miami! How do we know? All those cities and dozens more give sanctuary to illegal aliens with Special Order 40. Illegals remain in our country with exemption from arrest—yet, they are federal criminals! A national consensus on immigration is clear from the wide range of polls on the issue over the past several years: By overwhelming margins, Americans want to cut back drastically on immigration—not bring in new immigrants or legalize those who are already here illegally. Limiting immigration has the overwhelming support of most Americans, regardless of party affiliation or race.

“In sidestepping a trial, the Obama administration acted to block embarrassing and possibly incriminating information about the machinations of Wall Street from reaching the general public.”

“I’M NOT HERE TO PUNISH MY BANKSTER DONORS! I’M HERE TO SERVE THEM UP WHATEVER IS LEFT OF THE ECONOMY, AND TO PAY THEM BACK FOR THEIR CAMPAIGN LOOT WITH NO REAL REGULATION!” Barack Obama, Bankster President

Investment firms, New York Fed demand Bank of America buy back mortgages
By Andre Damon
21 October 2010
Some of the most powerful Wall Street investment firms, together with the New York Federal Reserve Bank, on Tuesday took the initial step toward launching legal proceedings aimed at forcing Bank of America to buy back as much as $47 billion in mortgage-backed securities.
The investors, who together control 25 percent of the voting rights for the securities, say that Countrywide Financial, now owed by Bank of America, misrepresented the quality of the securities when it sold them. They further claim that Countrywide has not made good on its obligations to the debt holders by taking too long to foreclose on properties and failing to keep proper records.
The investors’ group includes the bond giant Pimco and the investment management firm BlackRock.
Documents for many of the mortgages, which were being churned out in assembly-line fashion at the height of the real estate frenzy, are either missing or never existed in the first place.
Analysts expect banks to take even further losses from repurchasing toxic mortgage-backed securities. The US banking industry may lose between $55 and $120 billion, according to a study issued October 15 by JP Morgan Chase.
The New York Federal Reserve Bank holds $16 billion of mortgage-backed securities acquired in its 2008 bailout of the investment bank Bear Stearns and the insurance giant American International Group (AIG).
Over the past month, numerous investigations have revealed that the largest banks and finance companies disregarded legal requirements in processing foreclosures and moving to evict homeowners and seize their houses.
The announcement of the firms’ letter, together with Bank of America’s disclosure of a third-quarter loss of $7.4 billion, contributed to a sharp stock sell-off Tuesday, with Bank of America shares falling 4 percent.
Bank of America acquired Countrywide Financial, the largest US issuer of home mortgages, at the height of the financial crisis, when the latter was on the verge of collapse. Countrywide was among the leading issuers of subprime loans and was among the first of the major financial firms to be shattered by the financial crisis.
The law firm for the investment companies and the New York Fed, Gibbs & Bruns LLP, sent the Bank of America a “notice of nonperformance” concerning $47 billion in residential mortgage-backed securities issued by Countrywide prior to the mortgage meltdown. The issuing of the letter gives Bank of America 60 days to redress the group’s grievances before the group presses on with a lawsuit. The letter “begins the clock ticking” on legal action, according to Kathy Patrick, a partner at the law firm.
Patrick told CNBC, “There were representations made to my bond holders when they purchased these securities. They are contractual representations about the credit quality of these mortgages... and my clients are concerned... that the mortgages in question did not, at the time they were securitized, conform to those representations.”
As the law firm’s press release puts it, “[The letter] urges the Trustee [New York Mellon Bank] to enforce Countrywide Servicing’s obligations to service loans prudently by maintaining accurate loan records, demanding the repurchase of loans that were originated in violation of underwriting guidelines, and compelling the sellers of ineligible or predatory mortgages to bear the costs of modifying them for homeowners or repurchasing them from the Trusts’ collateral pools.”
Bank of America rejected the charges Tuesday morning, saying, “We’re not responsible for the poor performance of loans as a result of a bad economy. We don’t believe we’ve breached our obligations as servicer.” The company said that it will “vigorously defend” itself against the allegations.
The issue boils down to a dispute between the issuers of mortgage-backed securities—who made huge amounts of money by re-selling dubious mortgages as securities—and the financial companies that bought the bonds. At the height of the real estate bubble, companies like Pimco were as happy to buy subprime mortgage-backed debt as companies like Countrywide were to issue it.
But now that real estate values have collapsed, foreclosures continue to mount and mortgage-backed securities have lost most of their value, the companies are fighting among themselves over who is going to absorb the losses.
As the Financial Times put it: “We are now dealing with the tail-end of the subprime crisis—or the rash of pre-credit crisis greed that led many to sloppily securitise, or hastened them towards paperwork shortcuts, or to buy into ‘blemished’ loans in the first place… So expect continued rising tension between different players in mortgage securitizations—servicers, trustees, investors, etc.”
The financial press has for weeks been writing about rising tensions between the various firms involved in subprime mortgages. But the recent revelations of widespread fraud in the processing of foreclosures has provided debt holders an opportune occasion to press their case for further compensation. “I’m sure the law firm issued the letter now because the issue of foreclosures is in the current news cycle,” said Kevin Heine, a spokesman for New York Mellon, the trustee for the $47 billion in bonds that are in dispute.
Whatever the result of the present negotiations, the episode underscores the fraudulent nature of the subprime lending that fueled the real estate bubble. Lenders’ lack of proper documentation is inseparable from the lack of lending standards and the frenzied speculation and parasitism by means of which Wall Street made huge profits in the pre-crash period.
None of the major financial players, whose greed and recklessness played a major role in crashing the financial system and sparking the deepest slump since the Great Depression, are being held accountable. Earlier this week, the Securities and Exchange Commission announced a deal with former Countrywide CEO Angelo Mozilo to settle fraud and insider trading charges and avoid a civil trial. In sidestepping a trial, the Obama administration acted to block embarrassing and possibly incriminating information about the machinations of Wall Street from reaching the general public.
Mozilo, who made over $460 million as Countrywide CEO during the housing bubble, was fined $67.5 million, two thirds of which will be paid by Bank of America.

Obama seldom brings anyone into his administration that is not corrupt, a bankster, or LA RAZA PARTY MEMBER.
WITH HIS NEW CHIEF OF STAFF DALEY, OBAMA HAS BOTH! A J.P. MORGAN BANKSTER (J.P.s PROFITS UP THIS YEAR 47%), AND AN OPEN BORDERS ADVOCATE PER THE U.S. CHAMBER of COMMERCE.

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“Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).”

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FROM CREOLE FOLKS

Obama Seeks Brother of "Chicago Mob Boss" for Top White House Post
The roaches and con-artist, fake journalist on cable news are all lying about William Daley being all this and all that, this man is an open borders, down with America, free trade globalist. MSNBC and Gretta "the Scientology" Van Susteren from Fox News are knowingly deceiving the public about D. Issa & his letter to "business owners"=which they made into such a BIG DAM DEAL, but no one says anything whenBarrack Hussein Obama, comes around with all of these shady bankers, hedge fund managers and Wall St. Tycoons, which he puts in his cabinet. All of Obama's meeting with Wall Street asking, "What can I do for you?" is never something covered by Keith Oberman or Rachel Maddow.
(Bloomberg) -- President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said.

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Simon Johnson
MIT Professor and co-author of 13 Bankers
Posted: December 3, 2010 09:14 AM
Jamie Dimon: Becoming Too Big To Save -- Creating Fiscal Disaster
In Sunday's New York Times magazine, Roger Lowenstein profiles Jamie Dimon, head of JP Morgan Chase. The piece, titled "Jamie Dimon: America's Least-Hated Banker," is generally sympathetic, but in every significant detail it confirms that Mr. Dimon is now -- without question -- our most dangerous banker.
Mr. Dimon is not dangerous because he is in any narrow sense incompetent. On the contrary, Mr. Dimon is very good at getting what he wants. And now he wants to run a bigger, more interconnected, and more global bank that -- if it were to fail -- would cause great chaos around the world. Lowenstein writes: "Dimon has always been unusually blunt, and he told me that not only are big banks like JP Morgan (it has $2 trillion in assets) not too big, but that they should be allowed to grow bigger."
The problem with very big banks is not that they are "too big to fail," in the sense that it is physically impossible for them to fail. It is that they are so large and therefore so connected with each other -- and with all aspects of how the modern economy operates -- that the failure of even one such bank would cause great damage throughout the world.
Lehman Brothers had a balance sheet of around $600 billion when it failed. Its collapse helped trigger the worst financial crisis and deepest recession since the 1930s. Imagine what would happen if JP Morgan Chase -- even at today's scale -- were allowed to go bankrupt.
Dimon is brilliantly disingenuous on this key point: "No one should be too big to fail," he tells me. And J. P. Morgan? "Right," he says. "Morgan should have to file for bankruptcy."
But Dimon himself argued, in a November 2009 op-ed in the Washington Post, that regular bankruptcy is not a feasible option for megabanks. Instead he eloquently advocated the creation of a special resolution mechanism for big banks -- an update and expansion of the powers that the FDIC has long used to handle the orderly failure of small and medium-sized banks with insured retail deposits:
Creating the structures to allow for the orderly failure of a large financial institution starts with giving regulators the authority to facilitate failures when they occur. Under such a system, a failed bank's shareholders should lose their value; unsecured creditors should be at risk and, if necessary, wiped out. A regulator should be able to terminate management and boards and liquidate assets. Those who benefited from mismanaging risks or taking on inappropriate risk should feel the pain. We can learn here from how the Federal Deposit Insurance Corp. closes banks. As with the FDIC process, as long as shareholders and creditors are losing their value, the industry should pay its fair share.
Unfortunately, the resolution authority that ended up being created by the 2010 Dodd-Frank financial reform legislation does not cover JP Morgan Chase because Dimon's bank operates so extensively outside the US (30 percent non-US in its current business, on its way to 50 percent, according to Lowenstein). There is nothing in the current resolution mechanism or the broader powers of the Financial Stability Oversight Council that enables the relevant authorities to implement the orderly winding down of a cross-border bank, like JP Morgan is today or Lehman was in 2008.
And there is no prospect of any kind of inter-governmental agreement to put in place a process for imposing orderly and foreseeable losses on the creditors to cross-border bank. In fact, the Basel Committee of bank regulators, which has jurisdiction in this matter -- and which Dimon praises in the New York Times interview -- has definitely decided not to take up the issue.
JP Morgan Chase is already Too Big To Fail. If it were to threaten failure, the government would face a terrible choice: provide some form of unsavory bailout, i.e., fully protecting creditors; or risk the outbreak of a Second Great Depression. While the executive branch pondered these alternatives, there would be global financial panic.
But that is not the worst of our worries. Jamie Dimon is apparently dead set on ensuring JP Morgan Chase becomes even larger, in part by expanding its operations in emerging markets in India, China, and elsewhere.
As Ireland and other European countries have recently discovered to their horror, Too Big To Fail banks that want to expand globally can grow so large that they become Too Big To Save. "Too Big To Save" means that the government wants to save the bank -- e.g., by providing a blanket guarantee, as the Irish did in October 2008 -- but that creates such a large liability for the state that it pushes the entire country into insolvency.
JP Morgan Chase is well on its way to becoming Too Big To Save. Through expanding overseas, it effectively bypasses the weak controls we still have in place on bank size (no bank is supposed to have more than 10 percent of total retail deposits). Experience in Europe is that this strategy can enable individual banks to build balance sheets that are larger than the GDP of the country in which they are based -- in the UK, for example, the Royal Bank of Scotland had a balance approaching 1.5 times the size of the British economy. And then it failed.
If JP Morgan Chase were to reach the equivalent size in the US, it would be a $20 trillion bank. Perhaps that would take awhile, but JP Morgan Chase soon at $4 trillion or $8 trillion is easy to imagine.
Dimon argues that banks becoming bigger is the natural outcome of market processes. He is completely wrong -- as Thomas Hoenig, president of the Kansas City Fed explained in a New York Times op-ed this week:
These firms [big banks] reached their present size through the subsidies they received because they were too big to fail. Therefore, diminishing their size and scope, thereby reducing or removing this subsidy and the competitive advantage it provides, would restore competitive balance to our economic system.
(See also this news coverage on Hoenig's views.)
Or listen to Gene Fama -- the father of the modern "efficient markets" view of finance. He told CNBC that Too Big To Fail banks are "perverting activities and incentives", giving big financial firms, "a license to increase risk; where the taxpayers will bear the downside and firms will bear the upside."
Or read the recent letter to the Financial Times by Anat Admati and other top names in academic finance. They could be speaking directly of Dimon and his views in the New York Times piece when they say:
Many bankers oppose increased equity requirements, possibly because of a vested interest in the current systems of subsidies and compensation. But the policy goal must be a healthier banking system, rather than high returns for banks' shareholders and managers, with taxpayers picking up losses and economies suffering the fall-out.
(See also Professor Admati's follow up letter to the FT this week, further blasting the views of top bankers and their acolytes.)
Jamie Dimon's job is to make money for his shareholders and even he has struggled -- the bank's stock price is only roughly where it was when Dimon took control in 2004. He really believes that the answer to his stock price doldrums is to make JP Morgan Chase bigger and more complex. In effect, he wants to load up on risk -- hoping that this will pay off for him, his employees, and (presumably) his shareholders, and really not caring much about who bears the downside risk.
Lowenstein mentions at various points that Dimon was a protégé of Sandy Weill, but he neglects to remind us that Weill in his heyday espoused many of the same ideas that Dimon stresses in the interview. Weill believed there were great synergies between commercial and investment banking (and insurance). Weill was convinced that bigger was undoubtedly better both for shareholders and for society. He was wrong on all counts, as explained by Katrina Brooker in the New York Times earlier this year:
"The dream, the mirage has always been the global supermarket, but the reality is that it was a shopping mall," says Chris Whalen, editor of The Institutional Risk Analyst, of Citi's evolution over the last decade. "You can talk about synergies all day long. It never happened."
Sandy Weill, of course, built the modern Citigroup, which effectively collapsed -- in spectacular fashion -- in 2008-09, and which had to be rescued by the government at least twice. What was Citigroup's balance sheet at the time? It was just over $2 trillion, roughly the size of JP Morgan Chase today. And Citigroup was (and is) extremely global -- doing business in more than 100 countries.
Jamie Dimon is intent on building a bank that will surpass all the size and complexity records set by Sandy Weill's Citigroup.
Whether or not JP Morgan Chase will fail on Jamie Dimon's watch remains to be seen. He is, without doubt, a relatively careful risk manager in an industry where hubris tends to run amok.
But sooner or later Jamie Dimon will hand over the reins to someone who is decidedly less careful, someone who goes with the groupthink, and perhaps even someone like Chuck Prince, head of Citigroup, who inherited Sandy Weill's mantle and said -- in July 2007, "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing."
The music had already stopped when he said that.
If the Dimon's bigger, more global, and greatly interconnected JP Morgan Chase is still dancing next time the music stops, the choice will not be bailout vs. great recession. The real choice will be no choice at all: fiscal disaster through attempted bailout (Ireland), or fiscal disaster through economic collapse (Iceland).
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Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).

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BY DAVID SALTONSTALL

DAILY NEWS SENIOR CORRESPONDENT
July 1st 2008
Wall Street firms have chipped in more than $9 million to Barack Obama. Zurga/Bloomberg
Wall Street is investing heavily in Barack Obama.

Although the Democratic presidential hopeful has vowed to raise capital gains and corporate taxes, financial industry bigs have contributed almost twice as much to Obama as to GOP rival John McCain, a Daily News analysis of campaign records shows.

"Wall Street wants change and wants a curtailment in spending. It wants someone who focuses on the domestic economy," said Jim Cramer, the boisterous host of CNBC's "Mad Money."

Cramer also does not discount nostalgia for the go-go 1990s, when Bill Clinton led the largest economic expansion in history.

"It wants a Clinton like in 1992, but not a Hillary Clinton," he said. "That's Barack Obama."

For both candidates, Wall Street's investment and banking sectors have become among their portliest cash cows, contributing $9.5 million to Obama and $5.3 million to McCain so far.

It's a haul that is already raising concerns that, as the nation's faltering economy has become issue No. 1, the two candidates may have a hard time playing tough on issues like market regulation or corporate-tax loopholes.

"No matter who wins in November, Wall Street will have a friend in the White House," said Massie Ritsch of the Center for Responsive Politics, which crunched the data for The News.

Wall Street's generosity toward Obama, in particular, would seem to run counter to its self-interests.

In addition to calling for corporate and capital gains tax hikes, Obama has proposed raising income taxes on those earning more than $250,000.

But Wall Street is often motivated by something more than money - winning.

"In general, these are professional prognosticators," said Ritsch. "And they may be putting their money on the person they predict will win, not the candidate they hope will win."

Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).

McCain's top five include Wall Street's Merrill Lynch ($230,310) and Citigroup ($219,551).

Obama's Wall Street haul is not the biggest ever. That distinction belongs to President Bush, who as an incumbent in 2004 raised $10,852,696 from Wall Street interests through April that year - about $1 million more than Obama.

"Sen. Obama went to Wall Street to tell executives that our economy isn't working if they alone are prospering but people living on Main Street are not," Obama spokesman Tommy Vietor said.

WHO IS FIGHTING MEXICAN TERRORIST ON OUR OPEN AND UNDEFENDED BORDERS? NOT OBAMA!

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“This organization is considered by Immigration and Customs Enforcement (ICE), a branch of the Department of Homeland Security (DHS) as one of the largest internationally, with connections in Central America and Mexico.”

“Identity theft is the fastest growing white collar crime in America today and is often motivated by organized rings that sell these stolen identities to illegal aliens seeking illegal employment.

This story was first broken on the Wake Up America Talk Show "A Minuteman Project Chapter" Hosted by Steve Eichler.

THERE ARE ONLY EIGHT (8) STATES THAT HAVE A POPULATION GREATER THAN LOS ANGELES COUNTY WHERE MORE THAN HALF THE JOBS GO TO ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS!!!!! THIS SAME COUNTY PAYS OUT $600 MILLION PER YEAR IN WELFARE TO ILLEGALS.

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THE MEXICAN FASCIST PARTY of LA RAZA AND MEX CRIMES:

But there’s so much more, according to blogger and journalist Michelle Malkin:
Regional reports across the country have decried the subprime meltdown’s impact on illegal immigrant “victims.” A July report showed that in seven of the 10 metro areas with the highest foreclosure rates, Hispanics represented at least one-third of the population; in two of those areas – Merced and Salinas-Monterey, Calif. – Hispanics comprised half the population. The amnesty-promoting National Council of La Raza and its Development Fund have received millions in federal funds to “counsel” their constituents on obtaining mortgages with little to no money down; the group almost succeeded in attaching a $10 million earmark for itself in one of the housing bills past this spring. ( Proving corruption in high levels of our government) our SENATORS are operating in a Clandestine manner.

LA RAZA HARRY REID’S STATE OF NEVADA IS NOW 25% ILLEGAL! IT HAS SOARING UNEMPLOYMENT, THE HIGHEST FORECLOSURE RATE IN THE NATION, AND SOARING WELFARE TO ILLEGALS.
HARRY REID HAS TURNED OVER MILLIONS IN TAX DOLLARS TO THE MEX FASCIST PARTY of LA RAZA SO THEY COULD EXPAND MEX SUPREMACY IN NEVADA! THE MEXICAN GOVERNMENT, WHICH HAS MORE CONSULATES IN OUR BORDERS THAN ANY OTHER NATION, HAS JUST OPENED TWO NEW ONES. ONE IN MEX OCCUPIED LAS VEGAS, AND ONE ON THE ISLAND OF CATALINA, CONSIDERED A WATER GATEWAY FOR THE MEX DRUG CARTELS.
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“Rep. Marchant's bill is a result of a major case in Nevada where a loan officer submitted false income and employment documentation to help illegal aliens secure FHA loans. The scam totaled $6.2 million in loans with many going into default, costing HUD nearly $2 million.”

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WHO DO YOU REALLY THINK IS WINNING THIS WAR AGAINST THE MEX INVASION?

OBAMA, AND HIS LA RAZA DEMS GAVE OUR JOBS TO ILLEGALS, THEN TRILLIONS TO BANKSTER CRIMINALS… we’re left with… the bills for the MEXICAN WELFARE STATE!
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states that border Mexico caused the meltdown (simply loans to ILLEGALS)
________________________________________
September 25, 2008

It’s also no accident that the vast majority of the mortgages already defaulted on or about to default come from states where illegal immigration is the most rampant. According to the New York Times: California, Arizona, Texas and Florida. It was time to scam America internally and externally.
The mortgages, with an average size of about $450,000, were Alt-A loans — the kind often referred to as liar loans, because lenders made them without the usual documentation to verify borrowers’ incomes or savings. Some of the loans came only via an on-line application with no appearance of the person getting the loan was needed. Nearly 60 percent of the loans were made in California, Florida and Arizona, where home prices rose — and subsequently fell — faster than almost anywhere else in the country.

But there’s so much more, according to blogger and journalist Michelle Malkin:

Regional reports across the country have decried the subprime meltdown’s impact on illegal immigrant “victims.” A July report showed that in seven of the 10 metro areas with the highest foreclosure rates, Hispanics represented at least one-third of the population; in two of those areas – Merced and Salinas-Monterey, Calif. – Hispanics comprised half the population. The amnesty-promoting National Council of La Raza and its Development Fund have received millions in federal funds to “counsel” their constituents on obtaining mortgages with little to no money down; the group almost succeeded in attaching a $10 million earmark for itself in one of the housing bills past this spring. ( Proving corruption in high levels of our government) our SENATORS are operating in a Clandestine manner.

(A clandestine operation is an intelligence or military operation carried out in such a way that the operation goes unnoticed).

Come on people it is 1776 all over again. Some of the owners of the Federal Reserve live in England and Germany. The largest shareholder in the illegal stock of the Federal Reserve lives in England, by the way, this is why England's money is worth the most on earth. Gold prices are set in London each morning. The Euro is the second strongest currency followed by the USA.....we are mere puppets for paying the piper to make these people rich beyond imagination.

So, once again, U. S. citizens will pay for the lawlessness of our leaders and their friends on Wall Street. It is a very bad time for our country!

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MEXICANOCCUPATION.blogspot.com

“The principal beneficiaries of our current immigration policy are affluent Americans who hire immigrants at substandard wages for low-end work. Harvard economist George Borjas estimates that American workers lose $190 billion annually in depressed wages caused by the constant flooding of the labor market at the low-wage end.” Christian Science Monitor

Scarcity of jobs puts more at risk of foreclosure
By ALAN ZIBEL and CHRISTOPHER S. RUGABER, AP Business Writers
Thursday, August 26, 2010

(08-26) 14:03 PDT WASHINGTON (AP) --
The jobs crisis is putting more Americans at risk of losing their homes.
One in 10 households is facing foreclosure, and more than 2 million homes have been repossessed since the recession began. Few expect the outlook to improve until companies start to hire steadily again and layoffs ease.
And while there was some good news Thursday — a modest decrease in the number of Americans filing for jobless benefits for the first time in a month — the figure is still too high to bring down the unemployment rate.
So the housing crisis goes on.
"Ultimately, the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story," said Jay Brinkmann, the top economist for the Mortgage Bankers Association.
It's just one of the problems confronting Federal Reserve chief Ben Bernanke as he speaks Friday at a closely watched conference in Jackson Hole, Wyo. The Fed has mostly exhausted its ammo to give the economy a jolt.
Just under 10 percent of homeowners had missed at least one mortgage payment as of June 30, according to a quarterly report on delinquencies released by Brinkman's trade group. That's more than double the level before the recession.
The percentage of mortgage borrowers receiving foreclosure notices did fall slightly from the previous quarter, the first drop in four years. And the percentage of loans receiving their first notice of foreclosure also dipped.
But many experts say the situation is getting worse. July was the worst month on record for new home sales and the worst in 15 years for sales of previously occupied homes.
The supply of unsold homes on the market keeps getting bigger. At the same time, the growing number of foreclosures keeps pushing down home prices and scaring potential buyers and sellers from the market.
More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to foreclosure listing service RealtyTrac Inc. And 6 million more will be lost to foreclosure over the next three years, by some estimates.
If that happens, home prices will probably sink further, and the economy will suffer. Builders will keep construction to a minimum, and Americans will be less willing to spend because of their lost home values.
"Housing is certainly not going to help the recovery," said Michelle Meyer, a Bank of America economist. "It threatens to hinder it."
A major problem is that many people have homes that are now worth less than they owe on their mortgages. Approximately 11 million homeowners, or 23 percent of those with a mortgage, were "underwater" as of the end of June, real estate data provider CoreLogic reported Thursday. Nevada had the highest number of any state, with 68 percent.
The number of "underwater" mortgages was down from the previous quarter — but only because homes are being repossessed by lenders.
The number of Americans missing payments and falling into foreclosure has gone up along with unemployment. The jobless rate has remained near double digits all year.
First-time requests for unemployment benefits fell last week to a seasonally adjusted 473,000. It was the first decline in a month and came one week after the number hit the half-million mark — the highest level in nine months.
Even with last week's decline, though, the four-week average in unemployment claims, which evens out the week-to-week volatility, rose to 486,750, the most since November 2009. In a healthy economy that number is more like 400,000.
Losing a job or having health problems that lead to high medical bills are among the reasons many people fall behind in their mortgage payments.
Toni Cloyd experienced both and fell behind twice on her monthly mortgage payment of $2,200 — first in 2006 after undergoing surgery and again in 2008 after she lost a job and was out of work for six months.
The Denver woman says she tried to catch up. She enrolled in the Obama administration's main program to help homeowners at risk of foreclosure by lowering their monthly payments. She says she made payments that were never applied, and the bank is still demanding $98,000 in missed payments, lawyer's bills and late fees.
Bank of America says she never provided proper documents and was not approved for the mortgage modification.
The end result came earlier this month. She pulled into the driveway and was embarrassed to find a foreclosure notice tacked to her door.
"It makes us appear to be deadbeats," she said. "We've done everything that we possibly could to resolve this."
Like Cloyd, nearly half of the 1.3 million homeowners who have enrolled in Obama administration program have been cut loose through July, the Treasury Department said last week. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments.
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WELLS FARGO LONG AGO HAD ITS CA MORTGAGE LICENSE REVOKED FOR MORTGAGE CRIMES! THIS BANKSTERS SIMPLY DECLARED ITSELF ABOVE THE LAW, AND WENT ON PLUNDERING COMMUNITIES ALL OVER THE COUNTRY WITH THE SAME PRACTICES.
“Wells Fargo said last month that first-quarter profit jumped 53 percent from a year earlier as borrowers rushed to refinance mortgages amid record-low interest rates.”
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Lou Dobbs Tonight
Monday, November 12, 2007

Mortgage giants Wells Fargo and Countrywide Financial are accused of slapping dubious fees on homeowners struggling to save their homes. With fewer new mortgages being written, these
companies appear to be leaning on these lucrative fees to stay profitable—with devastating consequences for homeowners. We’ll have that report.
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In Rep. Dan Tancredo’s district there have been more than 10,000 mortgages owned by illegals that went into foreclosure. It’s only part of the border to border crime wave perpetrated by illegals from Mexico.
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Time to fight AMNESTY and OPEN BORDERS?
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(OBAMA, HIS ENTIRE LA RAZA INFESTED ADMINISTRATION along with the LA RAZA DEMS, FEINSTEIN, BOXER, PELOSI, LOFGREN, AND REID HAS VOTE HARD AGAINST E-VERIFY, ALONG WITH OPEN BORDERS ADVOCATES, THE U.S. CHAMBER OF COMMERCE)
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"My bill will potentially save millions by cutting down on fraudulent claims from illegal immigrants and protect taxpayers from subsidizing the restructuring or renegotiation mortgages of illegal immigrants." REP. KENNY MARCHANT (R-Texas)

Rep. Kenny Marchant (R-Texas) has offered the Mortgage E-Verify Act that would require a mortgagor to be verified through E-Verify when applying for a modification of a home loan owned by Fannie Mae or Freddie Mac.

"As a member of the House Financial Services Committee, I am happy to introduce my bill, the Mortgage E-Verify Act, which would require, as a condition for modification of a home mortgage loan held by Fannie Mae or Freddie Mac or insured by the Federal Housing Administration (FHA), that the mortgagor be verified under the E-Verify program," Rep. Marchant said in a press release. "My bill will potentially save millions by cutting down on fraudulent claims from illegal immigrants and protect taxpayers from subsidizing the restructuring or renegotiation mortgages of illegal immigrants."

Rep. Marchant's bill is a result of a major case in Nevada where a loan officer submitted false income and employment documentation to help illegal aliens secure FHA loans. The scam totaled $6.2 million in loans with many going into default, costing HUD nearly $2 million. The loan officer was found guilty on 32 counts of submitting false information.

"E-Verify is a fantastic program which I have supported making permanent for employers," Rep. Marchant said. "Mandating its use as a condition for home mortgage loan modifications would help eliminate waste, fraud, and abuse in the system and bring integrity to the process. In fact, the Treasury Department's Financial Crimes Enforcement division (FinCEN) estimates that mortgage fraud increased 1,411 percent from 1997 to 2005. Furthermore, two-thirds of fraud reports in the last decade are due to falsified statements on loan documents. My bill would curb these abuses and protect the taxpayers."
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E-BROADCAST THIS AROUND THE COUNTRY!